Ford Motor Company Steers into the Future with Crypto Patent

Ford Motor Company just filed a patent to create “cooperative vehicles” that will use “vehicle-to-vehicle (V2V) communication” to automatically ease traffic congestion, utilizing cryptocurrency. Can traffic jams become a thing of the past? Only time will tell.

While it seems like only a handful of companies are embracing a futuristic vision of where cryptocurrency and blockchain technology can take the human race, Ford Motor Company (surprisingly) has latched onto a glimpse of the future, and they are making plans to bring themselves into the 21st century. One can’t help but think it’s the kind of visionary move founder Henry Ford would have made.

The idea hinges on drivers installing a V2V module that will marshall traffic into platoons and maximizing traffic patterns, vehicle speeds, and more. Consumers opt into a system called the Cooperatively Managed Merge and Pass (CMMP) system, which offers a token-based incentive to reward those who take advantage and offer additional perks.

In layman’s terms, it’s similar to allowing the energy companies to install a smart thermostat in your home and control temperature to maximize energy use and save you money. Only this will be more of a smart cruise control where you can earn perks for being part of the system, and for good driving in general. It’s a simple, but radical idea. The real test will be creating prototypes and, naturally, getting drivers on board with the idea.

We may not have the flying cars we once dreamed we would have by this point in time, but with self-driving cars and the possibility to earn tokens for maximized driving performance, we are getting close. The possibilities are intriguing.

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